The 9 Best Inventory Management Software In 2021 is not written for today’s business. It is a prediction of what our future supply chain will look like and it does require that you look at your competitors. However, once you understand what they are doing you can improve your own methods and do better.
It’s not enough to just say we are going to monitor everything and then make orders for parts. That’s like saying all customers are equal. They may be very large or small and we want to buy the biggest but if we order too many they’ll never get here. We want a balanced approach. We want to listen to the details of what they are telling us as well as their needs and wants.
Another fact that no one ever thinks about is if the order goes out of stock how will they get supplies to their door? If there is a problem with the equipment they have we need to know that now. The ability to adapt makes it easier to do things right the first time which is so critical in controlling costs. When you can predict in advance what problems may arise in the future you can take steps that will alleviate them.
How is the inventory management software going to perform its job? Does it need to be plugged in right away? Is it going to email the data to you? Can it text you when new items come in? Once you have answers to those questions you can run tests to see what kind of performance you get.
Are you sharing information with others? Some information needs to be proprietary while others should not be shared at all. Will the application allow collaboration across teams? What are your requirements for order fulfillment? Are you going to have a physical location for your inventory or will you outsource that function?
Who is the target market for the inventory management software? You might want software to manage just one department or have a large scale system that will serve the entire organization. Do you want an on demand system or will you have to purchase reorder forms on a recurring basis? This is important because some systems have a low threshold for order entry and will charge for every order above and beyond a preset maximum. You want to make sure you can meet your current levels of inventory without having to charge extra.
What are your requirements for order fulfillment? Does customer service matter or is it strictly service based? If it is service based you want to get the best inventory management software in order to streamline things at the point of order filling. If customer service is everything then you want a company that will constantly be on call to fulfill orders and perform return merchandise tracking.
Are there any special features you need with your inventory management software? Inventory control and management, returns, product tracking, and order entry should all be easily integrated with one another. You may also require inventory management software that allows you to view raw data, historical sales and customer information, and sales trends. You may also require a system that can be exported to Excel and other business applications. Make sure your vendor can export to whatever format you need.
How user-friendly is it? User manuals are a must have feature for any product you consider using. The best inventory management software in this class is going to be easy to navigate and have all the functions you need within a few clicks of your mouse. The more functions and modules your program has the more likely you are to utilize it. When looking at inventory management software, check to see if it has a help function for new users.
What resources do you have available to you? Do you already have an existing program or can you adapt a third party application? If you can adapt a third party application, consider how easy it would be to learn how to use it. You want software that will meet your needs and not make it more complicated than it needs to be.
These are the things you should look for when shopping around for inventory management software. You need to find a product that meets all your needs and will keep your business profitable. By taking these tips into consideration, you will be able to choose the best inventory management software in no time at all. Once you have it in place, you will have everything you need to ensure that your company’s information is secure at all times.